Realterm pays $38M for huge South Bronx warehouse

UPDATED, May 27, 3:05 p.m.: The Bronx is no longer burning, but its industrial market is red hot. Maryland-based Realterm Logistics has bought a South Bronx warehouse for $38 million from the recycling company Parallel Products. The 35,681-square-foot property, at 900 East 138th Street, is close to the Bruckner Expressway and the East River. Parallel Products purchased the site as vacant land for $5.2 million in 2006, according to PropertyShark. Realterm has been on a